POLITICIAN ACCUSES AMERICA OF OBSTRUCTING THE CONSTRUCTION OF POWER STATIONS IN IRAQ
Today, Saturday, the leader of the Sovereignty Alliance, Majeed Al-Dulaimi, accused America of being involved in obstructing projects to establish power plants in Iraq to end the electricity crisis for political reasons.
In a statement to / Al-Maalouma / agency, Al-Dulaimi said that “dozens of investment companies specialized in the energy sector have submitted investment offers to establish power plants in Anbar Governorate and other governorates.”
He added that “
the central government has received attractive offers from international investment companies specialized in establishing power plants in Iraq, but America is placing obstacles in the way of these countries under the pretext of terrorist threats,” indicating that “the steps to connect electricity with Jordan are still far from the level of ambition and are not useful.”
He continued, “All solutions are to import electricity from neighboring countries or establish small power plants.”
In this video, the speaker, associated with the Militia Man and Crew, discusses significant developments regarding the Iraqi dinar and the state of Iraq’s banking and oil sectors.
The speaker emphasizes the reliability of information provided through their Patreon community, where they share exclusive insights and updates. A key focus is on the statements made by Al Missuri, an adviser on banking and financial matters in Iraq,
regarding the false reports of sanctions on Iraqi banks, asserting that there are no such sanctions and emphasizing the transparency of the Central Bank of Iraq.
Furthermore, the speaker highlights Iraq’s economic resilience, changes in foreign transfer mechanisms, and plans for oil exports from the Kurdistan region. The video concludes with a call for viewers to support the channel and engage with the content.
☕ Exclusive Content: The Militia Man and Crew Patreon community offers valuable insights and articles regarding the Iraqi dinar investment landscape.
📈 No Sanctions: Al Missuri’s assertions confirm that there are no sanctions on Iraqi banks, contradicting misleading media claims.
💵 New Mechanism for Transfers: The Central Bank of Iraq has implemented a new mechanism for foreign transfers, enhancing transparency and efficiency.
🔄 Oil Exports Resumption: The Kurdistan region is set to resume oil exports, with all obstacles reportedly removed.
🌍 International Partnerships: Iraq is enhancing its international standing through strategic partnerships and economic initiatives.
📊 Strengthening Currency: The Iraqi dinar is backed by substantial reserves, suggesting potential strengthening in the exchange rate.
🏦 Banking Sector Reforms: Plans are underway to reform Iraq’s banking sector, potentially reducing the number of banks to align with market needs.
Key Insights
🔍 Media Misinformation: The speaker criticizes unspecialized media for spreading false claims about Iraqi banks, highlighting a broader issue of media credibility. This reflects a common struggle in many countries where sensationalism can overshadow factual reporting, leading to public confusion and distrust
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📊 Economic Recovery Indicators: Al Missuri notes that Iraq’s economy has transitioned from fragility to recovery, as supported by reports from the World Bank and the International Monetary Fund (IMF). This suggests a significant turnaround for the nation, which has faced economic challenges, indicating a potential for growth and investment.
📉 Impact of Dollar Auction Changes: The Central Bank of Iraq’s shift away from dollar auctions to a more direct foreign transfer mechanism signals a modernization of its financial systems. This change is crucial for reducing manipulation and smuggling, enhancing the integrity of financial operations in Iraq.
⛽ Oil Sector Developments: The resumption of oil exports from the Kurdistan region is a critical step for Iraq’s economy, as oil is a significant revenue source. The speaker points out that the amendments to the budget law are a prerequisite for this development, signifying the interconnectedness of governance and economic health.
🏦 Banking Sector Consolidation: The discussion around potentially reducing the number of banks in Iraq highlights the need for a more efficient banking system. The collaboration with international consulting firms suggests a strategic approach to streamline operations and enhance service delivery in the financial sector.
💼 Investment Opportunities: Iraq’s government is actively seeking to attract foreign investment, particularly in infrastructure and energy. The emphasis on international partnerships reflects an awareness of the need for external capital to spur domestic growth and development.
🌐 Iraq’s Global Positioning: Prime Minister Al Sudani’s participation in international forums indicates Iraq’s efforts to bolster its diplomatic relations and secure a more prominent role on the global stage. This strategic positioning could lead to increased foreign interest and investment, benefiting the country’s long-term economic objectives.
Overall, the video encapsulates a plethora of information regarding the evolving landscape of Iraq’s economy, banking, and oil sectors, emphasizing the importance of accurate information, transparency, and international cooperation. The speaker’s insights suggest a cautious optimism about Iraq’s economic trajectory, supported by significant institutional reforms and strategic initiatives.
RASHID BANK’S CAPITAL JUMPS FROM 2 BILLION TO 50: WHAT ARE THE REASONS? AND IS TIMING RELATED?
Today, Thursday (February 13, 2025), banking and financial expert Alaa Al-Fahd revealed the reason for increasing the capital of Rashid Bank at this time.
Al-Fahd told Baghdad Today, “This measure is part of the government’s reform of banking policy by expanding the size of banks and their participation in economic development. There is a reform policy that the government is pursuing with the Central Bank of Iraq, with the assistance of international companies, in order to develop banking work and increase bank branches. Therefore, there was an obligation to increase capital according to the requirements of the stage.”
He explained that “today the capital (2) billion dinars does not match the current reality, due to the number of branches and shareholders owned by Rashid Bank, and therefore increasing the bank’s capital will contribute to classifying the current situation and contribute to improving the current reality.”
The banking expert added, “This increase is the beginning of restructuring the banks, especially Rafidain and Rashid banks, and making them at a level that meets the ambition of the current stage, and is at the level of development and the level of the needs of the Iraqi economy.”
The Federal Council of Ministers, during its session last Tuesday, approved increasing the capital of Rashid Bank from 2 billion dinars to 50 billion dinars, from the bank’s expansion reserve account, with the Iraqi Ministry of Finance taking the necessary measures for implementation.
Earlier, the government announced ambitious plans to restructure government banks, most notably Rafidain and Rashid Banks, with the aim of transforming them into more modern and efficient financial institutions capable of meeting the needs of the growing Iraqi economy.
The Council of Ministers also decided in its session held on January 13, 2025 to establish a completely new bank, based on the latest digital banking technologies, and aiming to provide integrated banking services to individuals and companies, both inside and outside Iraq.
Look what they post in the media saying all the sellers are secured
While the other letter was sent from the minister of finance to the Prime Minister office telling him there is a deficit and she cannot pay the salaries for the next months
You see the games now ???
Behind the media, they admit the truth
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#BREAKING: Head of the Iraqi Parliamentary Finance Committee, Atwan al-Atwani, confirmed no sanctions on Iraq’s financial institutions and assured public salaries are secure. This follows the Iraqi Central Bank’s decision to block five local banks from US dollar transactions
On Thursday, Iraqi Prime Minister Mohammed Shia al-Sudani met with Czech Prime Minister Petr Fiala in Prague. Al-Sudani’s media office stated that both sides signed an agreement and five memorandums of understanding across various sectors.
“The ceremony included the signing of an air transport agreement between the Iraqi and Czech civil aviation authorities, as well as a memorandum of understanding between the Iraqi Ministry of Oil and the Czech Ministry of Industry and Trade.”
The media office added that “a draft memorandum of understanding was signed between the Ministries of Interior of Iraq and the Czech Republic, along with a cooperation memorandum between the Iraqi and Czech Federations of Industries, another between the Iraqi and Czech Chambers of Commerce, and a letter of intent with the Iraqi Ministry of Environment.”
